Malden is a larger medium-sized city located in the state of Massachusetts. With a population of 66,693 people and 13 associated neighborhoods, Malden is the 16th largest community in Massachusetts. Much of the housing stock in Malden was built prior to World War II, making it one of the older and more historic cities in the country.
Housing costs in Malden are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in Massachusetts.
Also of interest is that Malden has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 17.62% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
One thing that you will notice about Malden is that there is a good-sized population of people who are young, single, educated, and upwardly-mobile career starters. Many singles consider Malden a good place to live without being in a really big city, with opportunities for friendships and fun with others like themselves.
In Malden, however, the average commute to work is quite long. On average, people spend 35.28 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit. In addition, the city is also quite pedestrian-friendly, because many neighborhoods are very dense and have amenities close enough together that people find it feasible to get around on foot.
Like elsewhere in America, most people in Malden use a private automobile to get to work. But notably, a substantial number of Malden‘s citizens do make use of public transit in their daily commute, primarily riding the subway. This helps more people get to work with less air pollution, and require fewer highways to get them there.
The citizens of Malden are among the most well-educated in the nation: 44.91% of adults in Malden have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.
The per capita income in Malden in 2022 was $47,303, which is lower middle income relative to Massachusetts, and wealthy relative to the rest of the US. This equates to an annual income of $189,212 for a family of four. However, Malden contains both very wealthy and poor people as well.
Malden is an extremely ethnically-diverse city. The people who call Malden home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Malden residents report their race to be White, followed by Asian. Important ancestries of people in Malden include Irish, Italian, Haitian, English, and Brazilian.
Malden also has a high percentage of its population that was born in another country: 40.77%.
The most common language spoken in Malden is English. Other important languages spoken here include Chinese and French Creole.